XOP Options History — May 2024

In May 2024, XOP traded between $147.94 and $153.16. ATM implied volatility averaged 20.4%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.0% (HV 20d: 20.4%). Max pain ranged from $145.00 to $151.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 2.29.

Notable Days

  • 2024-05-01: Highest Volume — 54,575 contracts
  • 2024-05-28: Largest IV spike — 7.7% change
  • 2024-05-29: Highest IV Rank — 20.1%
  • 2024-05-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$150.61$147.94$153.16$148.13$151.46
Max Pain$146.27$145.00$151.00$151.00$147.00
ATM IV20.4%18.7%22.7%22.7%21.1%
Expected Move5.9%5.3%6.8%6.8%6.2%
HV 20d20.4%17.7%22.7%19.6%18.9%
HV 60d18.1%16.5%19.7%19.6%18.3%
IV Rank7.4%0.0%20.1%16.3%13.3%
IV Percentile4.6%0.0%16.3%9.5%8.7%
Term Structure0.1%-5.4%2.3%0.1%-5.4%
VWIV20.9%18.7%24.2%24.2%22.1%
Skew 25d1.1%-1.3%3.2%0.5%3.1%
Skew 10d2.2%-0.6%5.8%1.2%5.3%
Call IV 25d20.1%18.4%22.7%22.7%20.5%
Put IV 25d21.3%19.1%24.0%23.2%23.6%
Bid-Ask Spread %35.7530.3940.8437.6537.37
Gamma HHI0.060.040.160.040.05
Net GEX-3.7M-68.7M25.4M-9.3M18.5M
Net DEX-489.9M-895.4M-109.0M-172.8M-501.2M
Net VEX-7.3M-8.3M-6.4M-8.3M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.290.514.662.422.28
Total Volume18,346.0454,60554,57554,57531,501
Total OI436,407.409382,760489,377449,027387,609

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$148.13$151.0022.7%6.8%19.6%16.3%24.2%0.5%0.1%-9.3M-172.8M-8.3M2.4237.6515,96238,613205,856243,171
2024-05-02$148.97$150.0021.8%6.3%19.8%12.1%22.2%0.8%0.6%-3.2M-330.2M-8.3M1.5335.054,9327,541213,404241,528
2024-05-03$149.82$150.0021.3%6.2%19.2%9.4%22.2%0.8%0.4%-635.8K-435.0M-8.2M3.5340.844,61216,278214,733243,049
2024-05-06$152.33$145.0021.6%6.3%20.5%10.9%22.3%0.4%2.3%17.3M-756.8M-8.1M2.3330.554,1699,703210,543244,075
2024-05-07$152.63$145.0020.6%5.9%20.5%7.3%21.2%2.4%0.1%17.2M-793.5M-7.9M1.9630.391,5553,050211,599247,485
2024-05-08$151.83$145.0020.0%5.8%20.5%4.3%20.6%-0.1%0.3%11.4M-716.7M-7.6M4.6632.122,1079,829211,957246,966
2024-05-09$153.16$145.0019.1%5.6%20.8%0.0%20.0%-1.3%1.0%24.0M-895.4M-7.4M1.3034.693,3234,332212,744248,464
2024-05-10$150.41$145.0019.4%5.7%21.6%1.4%20.0%0.3%0.6%-1.3M-504.5M-7.5M4.2736.445,78224,693214,745249,909
2024-05-13$150.13$145.0020.1%5.8%20.8%5.2%20.2%0.3%-0.0%-24.5M-425.9M-7.5M1.2235.334,4005,376214,612264,717
2024-05-14$150.97$145.0020.2%5.8%20.8%5.4%20.7%0.8%0.2%-8.0M-560.5M-7.4M3.5535.802,0427,251217,606265,945
2024-05-15$150.88$145.0019.7%5.6%20.7%3.3%19.5%0.8%-0.4%-14.7M-532.4M-7.3M2.7936.026,61118,451218,495269,718
2024-05-16$150.59$145.0019.5%5.5%20.5%1.9%19.5%0.4%-0.2%-27.8M-508.5M-7.3M2.2934.693,6128,254220,545268,832
2024-05-17$152.82$145.0019.0%5.4%20.9%0.0%19.5%0.5%-0.1%20.0M-887.6M-6.9M4.3835.664,66820,463221,613266,897
2024-05-20$153.06$145.0019.1%5.4%20.5%0.3%19.6%0.7%1.0%25.4M-713.4M-6.8M2.3332.983,4217,985179,568203,192
2024-05-21$152.25$146.0018.7%5.3%20.4%0.0%18.7%0.7%1.0%18.4M-615.1M-7.0M0.5535.035,4563,025181,191206,533
2024-05-22$149.48$146.0019.4%5.6%21.3%3.9%18.8%1.8%1.1%-4.8M-331.6M-6.9M0.5136.2421,63311,122182,476207,228
2024-05-23$147.94$146.0020.3%5.8%21.2%8.6%20.3%1.9%1.0%-31.9M-109.0M-7.1M1.3839.984,5846,314184,547214,937
2024-05-24$148.30$146.0019.7%5.6%21.2%5.4%20.4%2.0%1.2%-68.7M-154.1M-7.0M2.5439.404,60011,701185,427218,381
2024-05-28$151.34$147.0021.2%5.9%22.7%13.3%21.8%2.1%-1.1%10.0M-511.3M-6.6M1.9437.514,5988,932179,368206,038
2024-05-29$148.19$147.0022.4%6.3%19.8%20.1%22.9%3.0%-1.0%-26.3M-136.1M-6.8M1.2136.9014,76417,863180,484211,828
2024-05-30$148.64$147.0022.3%6.3%17.7%19.3%23.0%3.2%-1.0%-22.3M-185.5M-6.4M1.3535.933,6194,886177,485205,463
2024-05-31$151.46$147.0021.1%6.2%18.9%13.3%22.1%3.1%-5.4%18.5M-501.2M-6.5M2.2837.379,59221,909179,178208,431